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Financial Times: The global hedge fund industry last year produced its best returns since 2013, driven by strong performances from managers who bet on stocks.

The Daily Telegraph: Morrisons has beaten City forecasts with a bigger-than-expected rise in Christmas sales, helped by the strong performance of its premium ‘Best’ food range and its growing wholesale business.

The Times: Ineos is mounting a legal challenge against the Scottish government over its decision to ban fracking.

The Guardian: Consumers spent £1bn extra on groceries this Christmas as they shrugged off concerns about the economy to increase sales by 3.8%, slightly ahead of inflation.

Financial Times: The EU is systematically warning UK companies of a regulatory chill after Brexit as it seeks to accelerate the private sector’s preparations for a no-deal UK exit, according to recent legal notices.

Financial Times: North Korea has agreed to hold military talks with South Korea as the two nations move to reduce tensions on a peninsula that last year teetered on the edge of conflict.

Financial Times: Apple has been forced to pay an extra £136 million tax bill in the UK after “an extensive audit” by HM Revenue & Customs in the latest crackdown affecting the US tech giant.

Business and economics

The Guardian: Financial markets are complacent about the risks of sharply higher interest rates that could be triggered by better than expected growth in the global economy this year, the World Bank has warned.

Daily Mail: The world’s most successful and well-known investor Warren Buffett has won his long-held bet that a fund controlled by a robot would outperform a human expert fund manager over the course of a decade.

Financial Times: Brexit is a once-in-a-lifetime opportunity for Frankfurt to try to lure global banks away from London - but do not expect Germany’s main financial regulator to be part of a heavy sales pitch.

Financial Times: Samsung Electronics on Tuesday doubled down on its ambitions in autonomous driving and connected technologies, unveiling a batch of products it hopes will drive growth amid concerns its lucrative memory chip business may have peaked.

The Daily Telegraph: Brits sprucing up their kitchens and bathrooms in the run up to Christmas helped Topps Tiles return to growth in the final quarter of 2017.

The Times: Majestic Wine announced “a robust performance” over the holiday trading period and said that it remained on track to hit market expectations for full-year results after.

The Daily Telegraph: Shares in Kodak more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.

The Daily Telegraph: Taxpayers may be on the hook for tens of millions of pounds a year in extra payments to underperforming rail operator Govia even though older trains will now be used for longer.

The Times: The boss of America’s largest bank has softened his position on bitcoin after describing it as a “fraud” last year as Jamie Dimon, chief executive of JP Morgan, said yesterday that he regretted his remarks.

The Daily Telegraph: Burger chain Byron is to put a rescue plan involving reduced rents and potential closures to its creditors in a bid to save the ailing chain.

The Times: A brief revival in the stock market fortunes of Carillion came to an abrupt halt yesterday when it said that there was no good reason for a bounce in its share price over the previous few days.

The Daily Telegraph: Fracking firm Cuadrilla has again been given a green light from West Sussex council to explore the oil and gas reserves near the village of Balcombe, almost five years after bitter summer protests against the plans first erupted.

The Daily Telegraph: AT&T has pulled a deal to sell Huawei mobile phones at the eleventh hour, an embarrassment for the Chinese electronics giant that spoiled its ambitious plans to crack the US market.

The Daily Telegraph: The growth of Amazon’s streaming service has hit a plateau, according to an independent study, putting the second series of its big budget car show The Grand Tour under pressure to spark new interest.

The Times: The chief executive of one of Britain’s biggest housebuilders, Persimmon, has defended a bonus scheme that is set to pay him more than £110 million amid a row that prompted the chairman to resign and sparked condemnation from MPs.

Daily Mail: A ruthless reshuffle at Glaxosmithkline has seen boss Emma Walmsley replace nearly half of her senior executives in less than a year.

Financial Times: Hastings, the insurer, has defied the UK corporate governance code by appointing Gary Hoffman, its chief executive, to the position of chairman.

The Times: President Trump is to pitch his nationalist agenda to the global elite of the World Economic Forum in Davos this month, the White House confirmed in a surprise announcement yesterday.

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The Daily Telegraph: Billionaire industrialist Sanjeev Gupta's spending spree shows no sign of letting up, after his offer for the largest aluminium producer in Europe, the Dunkerque smelter, was accepted by Rio Tinto.